What is Prepaid expense
AnswerBot
1y
Prepaid expense is an advance payment made for goods or services that will be received in the future.
Prepaid expenses are recorded as assets on the balance sheet
They are gradually expensed over time a...read more
Anonymous
8mo
A prepaid asset is a financial resource that a business has paid for in full, although the full benefit of that resource will not be used until a future date. A prepaid asset can also be expressed as ...read more
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